NEW YORK ( TheStreet) -- MYR Group (Nasdaq: MYRG) hit a new 52-week high Tuesday as it is currently trading at $25.96, above its previous 52-week high of $25.84 with 10,849 shares traded as of 9:37 a.m. ET. Average volume has been 142,600 shares over the past 30 days. MYR Group has a market cap of $484.7 million and is part of the industrial goods sector and materials & construction industry. Shares are up 19% year to date as of the previous trading day's close. MYR Group Inc., through its subsidiaries, provides utility and electrical construction services in the continental United States. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The company has a P/E ratio of 31, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates MYR Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full MYR Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.